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tetleyelmo tetleyelmo
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7 years ago
When you turned 20, you deposited $1,500 into an account paying interest that is compounded quarterly. You just turned 30, and there is now $2,233.30 in the account. What nominal annual interest rate is the account paying?
A) 1.00%   
B) 4.00%   
C) 4.06%   
D) 16.24%   
E) 3.75%
Textbook 
Corporate Finance Online

Corporate Finance Online


Edition: 1st
Authors:
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BlimpBlimp
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7 years ago
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Pol. Sci. Major
Minoring in Business
Columbia University Sophomore

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tetleyelmo Author
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7 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
djeghri
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This site is awesome
Harvinder
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2 hours ago
Brilliant ツ
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